Job Summary
• Responsible for general accounting functions, payment processing as well as to ensure accounting practices are in accordance with policies and procedures.
Duties and Responsibility
• Responsible in performing Accounts Payable functions.
• Document Collection (tax invoices, PO, DO, etc.) and ensure proper verification and approval of the invoices before processing.
• Maintain vendor files in the ERP system
• Update and maintain accounting journals, ledgers and other records detailing financial transactions (e.g. disbursements, expense vouchers, etc.).
• Prepares for monthly payment budget (i.e. payment proposal) and issues cheques accordingly.
• Reconcile vendor’s Statement of Account and attend the enquiries from vendors in all areas.
• Reconciles bank statements by comparing statements with general ledger and posting of bank charges etc.
• Provide expense accruals and issuing of debit notes.
• Provide timely upkeep of Accounts Payable / Cash Management and ensures they are reconciled to GL – control accounts.
• Prepare for statutory submission such as Income Tax Estimate (CP204), Withholding Tax and Sales & Service Tax Returns. Ensure submission are on time.
• Maintains fixed asset register schedule and asset accounting. Update depreciation and make necessary journal entries.
• Determines value of depreciable assets by running depreciation software program.
• Any other duties and responsibilities as and when requested by the superior.
Account payable Roles
• Invoice Processing: Receiving, verifying, and processing invoices for accuracy and proper authorization.
• Payment Processing: Ensuring timely and accurate payments to vendors, through various payment methods.
• Reconciliation: Reconciling accounts payable transactions, identifying and resolving discrepancies.
• Financial Records: Maintaining accurate and complete financial records, including vendor information and payment history.
• Vendor Communication: Communicating with vendors to address invoice and payment inquiries.
• Reporting: Preparing and maintaining accounts payable reports for management review.
• Compliance: Ensuring compliance with company policies and financial regulations.
• Audit Support: Providing necessary documentation and support for internal and external audits.
• Expense Reports/Reimbursements: Handling expense reports and reimbursements according to company policies.
• Process Improvement: Identifying and implementing process improvements in the accounts payable function.
• Cashflow Forecasting: Assisting with forecasting related to accounts payable.
Position Requirements
1. Qualifications: Diploma / Degree in Finance, Accounting or related field.
2. Experience: Knowledge in accounting especially in payable, principles and practices and cost accounting principles are preferable.
3. Skills / Competencies:
4. Competency in Microsoft applications including Word, Power Point, Excel, accounting software and online platforms.
5. Strong administration skills –organizing, coordination & documentation and interpersonal skills.
6. Techniques to analyze data and make recommendations
7. Team work and collaboration skills
8. Positive attitude with willingness to learn.